Published On: Mon, 04 Nov 2024 04:03:37 GMT

Clearpool Oracle Voting Results Announced for November 2024

Discover the latest Clearpool Oracle voting results, including updated optimal interest rates for AA-rated borrowers, as voted on by 13 participating Oracles in November 2024.

Tanishq Bodh News

Nov 4, 2024, 4:03 AM UTC

Author: Tanishq Bodh

Clearpool has announced the results of its latest Oracle voting round, concluded on November 1, 2024, and implemented on November 4, 2024. A total of 13 Oracles participated, voting on key parameters that determine the protocol’s interest rate curve, impacting borrower interest rates across the network.

Interest Rate Adjustments: Key Changes

Optimal Interest Rate for AA-Rated Borrowers
The optimal interest rate (Ym) for AA-rated borrowers has been adjusted, dropping from 12.33% to 12%, aligning with current market conditions.

Voting Outcome and Parameters

For this epoch, Oracles cast their votes on three primary interest rate parameters:

Y0 – Interest rate at 0% utilization
Ym – Optimal interest rate at optimal utilization
Y1 – Interest rate at 100% utilization

Votes within the optimal range (marked in blue) were considered successful and included in the weighted average calculation, while votes outside this range (marked in black) were excluded.

For the complete voting distribution, view Clearpool’s detailed breakdown here.

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